The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Squarespace Inc shares valued at $4,941,600 were sold by Casalena Anthony on Oct 01 ’24. At $46.40 per share, Casalena Anthony sold 106,500 shares. The insider’s holdings dropped to 1,123,420 shares worth approximately $52.23 million following the completion of this transaction.
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Also, Casalena Anthony sold 38,900 shares, netting a total of over 1,805,738 in proceeds. Following the sale of shares at $46.42 each, the insider now holds 1,229,920 shares.
Before that, Anthony Casalena had added 106,500 shares to its account. In a trade valued at $4,942,665, the Officer bought Squarespace Inc shares for $46.41 each.
As published in a research note from Mizuho on August 05, 2024, Squarespace Inc [SQSP] has been rated down from an Outperform to a Neutral and the price target has been revised to $44. Analysts at B. Riley Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid June. As of May 10, 2024, Mizuho has increased its “Neutral” rating to a “Buy” for SQSP.
Analyzing SQSP Stock Performance
During the last five days, there has been a surge of approximately 0.02%. Over the course of the year, Squarespace Inc shares have jumped approximately 40.84%. Shares of the company reached a 52-week high of $46.54 on 10/04/24 and a 52-week low of $30.26 on 02/21/24. A 50-day SMA is recorded $45.54, while a 200-day SMA reached $39.38. Nevertheless, trading volume fell to 1.46 million shares from 2.83 million shares the previous day.
Support And Resistance Levels for Squarespace Inc (SQSP)
According to the 24-hour chart, there is a support level at 46.46, which, if violated, would cause prices to drop to 46.44. In the upper region, resistance lies at 46.51. The next price resistance is at 46.54. RSI (Relative Strength Index) is 74.89 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.05, which suggests the price will decrease in the coming days. Percent R is at 26.32%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
